Topic: Can Bitcoin be worth zero? (Read 1136 times)

well, that might be true. however, the potential for bitcoin to reach zero is very small. even with all this trouble, the price of bitcoin is still in the tens of thousands, and still has potential to go up. however, thinking bitcoin will have a value of zero continuously will only make us lose the moment to profit from it. maybe we should think about a strategy to develop the assets we have. the potential for bitcoin to have a low price does exist, but thinking about it will only make us doubt and want to sell the assets we have.

I understand your question, But I think your question is inappropriate. You have to believe that Bitcoin will never go down to zero. It is unlike other altcoins that will disappear from the market. Bitcoin is a trusted coin among crypto currencies that has been adopted by major countries. Bitcoin may go down due to a bear market but it will never go down to zero.

I don't think bitcoin can be worth zero

Unlike other coins/tokens, Bitcoin is unique. There are only a few coins that have a lot of utility, and bitcoin has the most and is widely accepted. The chances of it going down to zero are highly unlikely.

Anything is possible but i don't have that strong believe bitcoin would drop back to zero, not again and can never happened any where any day. It can only get to the lowest of $3k but can't drop $0.0.
I can just say you are dreaming or joking.

maybe it can, because this is a market, anything can happen, but the chances are small, because bitcoin is the most high-quality crypto so the possibility of being zero is very small, although small does not mean impossible, the name is also a digital asset, it could be that one day the internet does not exist and digital assets also disappear.

Future is un-predictable with 100% certainty because history vindicates that many times what happens was never expected or predicted.  The price of any asset including Bitcoin depends on what buyers are ready to pay for it.Bitcoin is very precious digital asset & it will continue growing in coming months/years because its supply will decrease after every halving but if WW3 breaks out then price of everything will fall to zero because there will be no buyers.

As you have read from the above replies, Bitcoin is only worth what people are willing to pay for it. Price is one of the most important fundamental factors to be considered as well as supply and demand. If a large number of people decide to dump Bitcoin, the price will surely drop because demand will fall and supply will still remain for Bitcoin in circulation. Given this point, if Bitcoin price continues to decrease and reaches zero, it means there are no more people willing to hold it, which is impossible.

On just looking on the support then you could really eventually say that it does really have a bright future although nothing could really be assured on what the future looks like.It would be always mattering on

on the demand and community support which there's no doubt that it is really that high and its impossible that we could really say that it would really become zero in terms of worth.

Nothing is assured though thats why we should really be minding off about that risk management thing so that you wouldnt really get stressed nor shocked whenever the market do messed up.

This is more for shitcoin, many cases we find, they cannot survive because they are greater influenced by hype. So that such a coins will be easy lost in the market.

Something that will never happen, is not enough reference to say that. Bitcoin has been running for a long time since it was launched, until development included in the perfect category, this will only cause confusion and misunderstanding for beginners in receiving and reviewing news.
Something that we don't deserve to share.

although uncertain about the future or the things that might happen in the future, but based on the Bitcoin community and its support it is very hard to believe that it will actually lose its value, and Bitcoin is far from useless because the foundation is in place, strong and with big community

The movement of Bitcoin certainly does not just go through without obstacles, as you can see some time ago, Bitcoin failed to maintain its price at the highest level. After that, the bitcoin price collapsed again until it touched the lowest level so far this year, price movements will continue to occur based on demand and supply in the market. Although until now bitcoin has not been able to return to its record high level, not a few parties are at stake so that Bitcoin does not collapse in the long term. Investors who are fanatical about Bitcoin will put their money when the price is at low levels as a very promising investment for the future.

Bitcoin has been able to get past the slanted issues that hit it. Examples include Elon Musk tweets on his personal Twitter account, the adoption of crypto payments in several trading platform companies and the regulatory influence of a country's monetary authority that can cause crypto prices to plummet. But once again Bitcoin was able to withstand all the storms that hit it, although Bitcoin has not yet received a special place in several countries, until now Bitcoin still has value and is considered a profitable investment for the future. So don't worry about the prospect of Bitcoin in the future, because as long as there are fanatical Investors who keep their money in this crypto asset, it will not make the value of Bitcoin to 0.

Bitcoin going to zero would mean 379$ billion dollars flying away and going somewhere else... It could mean the end of crypto universe, as without bitcoin there isn't cryptocurrency, or it could mean another crypto asset has overcome bitcoin with perfection. Personally I don't think an altcoin could take bitcoin's spot in the market. First because bitcoin is unique and every other currencies are simply a copy of it and second because once investors realized bitcoin was heading to zero they wouldn't invest in crypto anymore, fearing the same might happen to every other alternatives around, consequently leading them to irreparable losses.

Bitcoin is a coin that is employed as a mode of purchases and it is understood as a root of accurate income by plenty of purchasers. Bitcoin is such a useful aid to gain and generate cash and the price of bitcoin is so enormous that its is not an effortless thing to let it zero in its cost. Stabilization of price will help the bitcoin to steady again and lofty more when the price get enhanced.

Well, if bitcoin dropped to zero, then the whole altcoins will follow because whatever the price of bitcoin, it will also affect the price of altcoins. However, I don’t see this happening soon as we are still benefiting bitcoin and its high demand in the crypto community. And until bitcoin opportunities are there, then we won’t be seeing bitcoin losing its value and dropped to zero.

Yes, the price of bitcoin could absolutely go to zero. There is no way of knowing for sure right now if Bitcoin (and the rest of the cryptocurrency market) will survive over the long-term. For one thing, Bitcoin isn't the only cryptocurrency by any means, with more and more entering the market with each passing year. Bitcoin is still in its very early days and it is unknown how it will hold up when more powerful and sophisticated cryptocurrencies are released in the future. However, Bitcoin has also made some very significant strides over the years, and many people believe that further adoption is inevitable. Provided cryptocurrency survives over time, then it is entirely possible for Bitcoin to become a much bigger part of our world and society going forward. But, there are no guarantees in life, and people can always be tricked into believing things which might or might not have any bearing on reality.

It practically won't. We saw the gigantic crash of Luna after people proved that it's technically flawed. It was not that old and really didn't have as much market penetration as bitcoin and still, it fell almost 99% but didn't go to zero. It's price bounced back quickly and then you saw it floating around in the market. At worse the same thing could happen with bitcoin people someday realize that whole cryptography is technically flawed and it makes no sense in keeping your money in bitcoin and people start instant withdrawing. Even in this scenario there will be certain sect which will disagree with that theory and will keep on investing in bitcoin so those people will keep the price alive.

It would be very difficult to imagine the price of Bitcoin reaching zero with such a large trading volume and holders, but there is no denying that it could all end and if it did then Bitcoin would just be history as there would be no more Bitcoin trading in the world. This year. This world. and Cryptocurrencies will only be a story although it is highly unlikely for the next few years or even decades to come.

I don't think there is any realistic chance for bitcoin to ever reach the value of 0 USD. Right now BTC is around 20,000 USD, going down to 0  from such high levels would never happen. As soon as there would be a decline of the bitcoin price to 10,000 USD investors would start buying heavily again. Same goes for the 1,000 USD barrier. Who wouldn't sell everything he has to buy bitcoin below 1,000 USD. I am sure at such low levels investors would take out loans just to buy more coins. The only chance I see for bitcoin drop so low in price would be if there were technical errors at the exchange and they show wrong prices.

I agree with all you said, Bitcoin is a recognised Coin that is known all over the world, it name alone market the entire cryptocurrency. People are eager to buy bitcoin but when they noticed the price of bitcoin they moved back, they went ahead and ask is their anyone for me to buy. So through bitcoin people know other Coin. So bitcoin can never be zero